25th Jun 2014 07:46
LONDON (Alliance News) - Development Securities PLC Wednesday said hotels group Accor UK Business & Leisure Hotels Ltd has signed a lease at 10 Hammersmith Grove to occupy the first floor and half of the second floor of the building, representing 25,000 square feet of office space.
In a joint statement with co-investors the SWIP Property Trust, Development Securities said this is the second office letting at the site. Earlier this year media company UKTV took two floors of the building. The whole of 10 Hammersmith Grove is now let or under offer.
Accor UK Business & Leisure Hotels is part of France's Accor SA, which owns a number of hotel brands including Novotel, Sofitel and Mercure, will move from its existing UK headquarters at 245 Hammersmith Road following the end of its lease.
The financial terms of the deal have not been disclosed.
Development Securities shares were quoted down 0.7% at 215.00 pence Wednesday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
DSC.L